Liquefied Natural Gas (LNG) Infrastructure Market Size, Analysis, Trends, Overview And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Liquefied Natural Gas (LNG) Infrastructure Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $112.06 Bn In 2028 At A CAGR Of 14.7% :

The liquefied natural gas (LNG) infrastucture market size has grown rapidly in recent years. It will grow from $56.57 billion in 2023 to $64.85 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to growing natural gas demand, expanding global trade, technological advancements, regulatory support, geopolitical factors.

The liquefied natural gas (LNG) infrastucture market size is expected to see rapid growth in the next few years. It will grow to $112.06 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to increased lng bunkering for maritime transportation, expansion of small-scale LNG applications, rising demand for LNG as a fuel for heavy-duty vehicles, accelerated development of floating LNG (FLNG) facilities, growth in LNG-fueled power generation plants. Major trends in the forecast period include integration of renewable energy sources in LNG facilities, adoption of digital technologies for enhanced efficiency and safety, emergence of new LNG import and export markets, increasing investment in LNG liquefaction capacity, development of innovative liquefaction and regasification technologies.

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Liquefied Natural Gas (LNG) Infrastructure Market Major Segments
The liquefied natural gas (LNG) infrastructure market covered in this report is segmented -

1) By Type: Production Infrastructure, Transportation Infrastructure, Regasification Infrastructure, Distribution Infrastructure, Storage Facilities, Other Types
2) By Production: Liquefaction Plants, Natural Gas Processing Facilities, LNG Storage Tanks, Others
3) By Distribution: Pipeline Networks, Virtual Pipeline Solutions
4) By End User Industry: Heavy-Duty Vehicles, Electric Power Generation, Marine Transport

Key Driver - Driving Forces Behind the Expansion Of LNG Infrastructure Meeting Surging Demand for Electricity Generation

Rising demand for electricity generation is expected to propel the growth of the liquefied natural gas (LNG) infrastructure market going forward. Electricity generation is the process of converting various forms of energy into electrical energy. The rising demand for electricity generation is due to the proliferation of electronic devices and appliances and, an increasing shift towards electric heating systems and air conditioning, necessitating more electricity generation. Liquefied natural gas (LNG) infrastructure provides flexibility in natural gas trading and pricing, allowing buyers to respond to changing market conditions and take advantage of price disparities. This flexibility can help stimulate demand by making natural gas more attractive compared to other energy sources. For instance, in July 2021, according to the International Energy Agency, a France-based government organization, electricity generation increased by 2.5% in 2022, which would take them to an all-time high. Additionally, coal-fired electricity generation will increase by 1% in 2021 to 2% in 2022. Therefore, the rising demand for electricity generation drives the liquefied natural gas(LNG) infrastructure market.

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Prominent Trend - Focus on LNG Projects Driving Industry Growth

Major companies operating in the liquefied natural gas infrastructure market are focused on developing and investing in new LNG projects such as port arthur LNG project that support the growth and development of the natural gas industry. Port Arthur LNG project represents a major infrastructure development aimed at expanding LNG operations, creating jobs, boosting economic growth, and contributing to American energy security. For instance, in March 2023, Sempra, a US-based energy infrastructure company, launched the port arthur LNG project, a next-generation liquefaction facility that is expected to provide abundant, clean, reliable, and affordable U.S. natural gas to world markets. The proposed project includes two natural gas liquefaction trains and LNG storage tanks, as well as associated facilities capable of producing up to approximately 13.5 Mtpa of LNG, enabling the export of approximately 11 Mtpa of LNG on a long-term basis. Additionally, design changes to reduce the proposed LNG projects' overall emissions, including electric drives, renewable power sourcing, and other technological solutions.

Liquefied Natural Gas (LNG) Infrastructure Market Players
Major companies operating in the liquefied natural gas (LNG) infrastucture market are Chevron Corporation, China Harbour Engineering Company, Petronas Ltd, Vinci SA, Cheniere Energy Inc, Linde plc, Samsung C&T Corporation, Mitsubishi Heavy Industries (MHI), Bechtel Corporation, INPEX Corporation, Woodside, Novatek, Gazprom International Limited, Rosneft, Fluor Corporation, Anadarko Petroleum Corporation, Saipem S.p.A., John Wood Group PLC, Technip Energies, TechnipFMC, KBR Inc., Black & Veatch, Chiyoda Corporation, JGC Holdings Corporation, Petrofac Limited, Royal HaskoningDHV, Worley India Pvt. Ltd., National Iranian Oil Company, McDermott International, SENER

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the liquefied natural gas (LNG) infrastucture market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the liquefied natural gas (LNG) infrastucture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:

1. Executive Summary
2. Liquefied Natural Gas (LNG) Infrastructure Market Report Structure
3. Liquefied Natural Gas (LNG) Infrastructure Market Trends And Strategies
4. Liquefied Natural Gas (LNG) Infrastructure Market - Macro Economic Scenario
5. Liquefied Natural Gas (LNG) Infrastructure Market Size And Growth
…..
27. Liquefied Natural Gas (LNG) Infrastructure Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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